Air Lease Corporation (AL)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 30,452,300 | 28,396,700 | 26,968,700 | 25,215,200 | 21,709,200 |
| Total stockholders’ equity | US$ in thousands | 7,160,040 | 6,646,360 | 7,008,570 | 6,072,340 | 5,623,540 |
| Financial leverage ratio | 4.25 | 4.27 | 3.85 | 4.15 | 3.86 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,452,300K ÷ $7,160,040K
= 4.25
Air Lease Corporation's financial leverage ratio has fluctuated over the past five years, ranging from 3.85 to 4.27. The ratio peaked in 2022 at 4.27 before slightly decreasing to 4.25 in 2023. This indicates that the company relies more on debt financing compared to equity, with a higher proportion of debt in its capital structure. However, despite some fluctuations, the financial leverage ratio has generally remained above 4 in recent years, suggesting a consistent preference for debt to fund operations and investments. Investors and creditors may closely monitor this ratio to assess the company's risk and ability to meet its debt obligations.
Peer comparison
Dec 31, 2023